An importer in India received goods valued at USD 50,000 from an overseas supplier. The transaction involves a bill of exchange with 90-day credit period. Which regulation under FEMA 1999 primarily governs the permissibility and reporting of such import transactions?

• AFEMA Notification on Current Account Convertibility
• BFEMA Regulations on Foreign Trade (Permitted Imports / Exports)
• CFEMA Foreign Direct Investment (FDI) Regulations
• DFEMA Hedging and Derivatives Regulations